[GVI Forex 2]

Source; Mewsquawk.com

[GVI Forex 2]

As a reference, maarket expectations

around 30bps Fed rate cuts, first cut in September

[GVI Forex 2]

Aheadof CPI

[GVI Forex 2]

US CPI FORECAST… See our Economic Data Calendar

[GVI Forex 2]

EURUSD 4 HOUR CHART – LEVELS TO WATCH

[GVI Forex 2]

NEWSQUAWK US OPEN

USD softer ahead of US CPI, Gilts gap higher on cooler UK inflation

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.

DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.

Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.

Choppy trade in crude while precious metals tilt higher and base metals trade mixed.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

With USD highs set on Monday, it pays to reviswt this article in our blog

This is a term I coined to identify a forex trading pattern that I watch out for each week. I call it the Monday Effect and when it plays it, there are usually significant moves in the market. So, you need to be aware of the Monday Effect, which I reveal in the following article…

Another Trading Secret Revealed: The Monday Effect

[Mtl JP]

5 days and 7 hours to inauguration
US 10 yr 4.772% at 4:54 AM EST vs 4.8070 high

currently DLR rally appears to be taking a rest

next posi-pips will come from correctly choosing the direction of bonds

[GVI Forex 2]

Using my platform as a HEATMAP shows

Most on hold ahead of US CPI except USDJPY which is playing  catchup after being bid yesterday (note JPY crosses…some verbal intervention + selling (JPY buying) ahead of next week’s BoJ meeting

[GVI Forex 2]

USDJPY 4 HOUR CHART – WAITING FOR US CPI AND MORE

Trying to build some downward momentum… if the 156.91 break holds, risk is for 155.94-156.22… if it fails to hold, magnetic 158 remains in focuS

Combination of verbal intervention and selling ahead of the BoJ meeting next week.,,,focus next is on US CPI

 

[GVI Forex 2]

NAS100 4 HOUR CHART –  Consolidating

To suggest the bottom is in 21146-21221 needs to be regained… otherwise any bounce is still considered a retracement…. downside limited though unless a new low is made.

Next key eventL US CPI

[GVI Forex 2]

US500 4 HOUR CHART – Stalemate

Needs to break above 4903 to make the bouce anything other than a retracement

With that said, downside risk is neytralized while 5800+ trades

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Too tight to last

Torn between a lower high (2 blue limes) and 2645-55, which includes the trendline.

Suggests a limit on both sides between 2545/50-2695/00, a range that is too tight to last too long.

[GVI Forex 2]

USDCAD 4 HOYR CHART – RANGE

Trying to build some downward  momentum (while below 1.4410) but anything between 1.3279-1.3364 is a swing within the range.

[Belgrade Bobby]

Opendoor Technologies Inc. – Open

Open is approaching 1.22 – the level that should underpin it up once again.

It has been in a sharp decline from November of last year, so it is about time to change the direction…

On the upper side around 2.20 should be the target .

[Belgrade Bobby]

Alphabet Inc. – Google

Google’s stock behaves technically by the book – which can’t be said for their everyday operations ( it sucks big time)

We have here now the double top, so deeper correction should be on it’s way.

First target down there is around 170.00 ( can give up to 160)

Overall Google is stock “to buy” on a decent dip and for a long time…

[Belgrade Bobby]

Meta Platforms Inc.

Meta is comfortably lulled in this Up trend channel, and there is not a single reason to believe at this point that something will dramatically change.

Lower trend line comes at 540.00 and upper one at 705.00 – lots of space between the two , so those playing with cfd’s can take the advantage of it

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

Just above an important support at 114.00

Break of will lead the road to 99.45 – last line of defence old over 2 years.

If it continues in this downward channel, target is in 78 area….

[Belgrade Bobby]

XRPUSD

As I stated yesterday that attack at 2.73 is coming – today’s high so far at 2.69664 is a living proof.

If it manages to breach it tomorrow, 3.0 will be next.

[GVI Forex 2]

Trading Tip:

When you see 2 currencies move in opposite directions vs the dollar you can assume there are real money flows/orders behind the moves. (EURUSD UP, USDJPY UP, => EURJPY UP)

[Anonymous]

re: wildfires etc.

will they allow/accept if we donate money towards the city’s recovery efforts?

[Anonymous]

EURUSD:- There may be small short term profit opportunities for this pair no doubt but the big opportunities to short this pair will come when euro tests 1.12 for parity or close enough to it to say the least. I’ll check it out tomorrow and post my forecast then.

*Note* I have been making medium to long term forecasts in recent times as the short term daily movements are not really worthy of forecasting (or even worth trading) in my humble opinion… I prefer to make a long throw from the other side of the football field into a basketball sized hoop if you know what I mean…

[Belgrade Bobby]

EURUSD 4h

Supports : 1.02650, 1.02350 & 1.02050

Resistances : 1.03050, 1.03400 & 1.03750

Just for a moment leave aside all these numbers and look at 1.03500 as a kind of pivotal.

Pattern wise – we will be looking at more Up attempts in next 24h , and depending on the level EUR can reach we’ll know are we going to test 1.01800 again.

Everything below 1.03500 is in favour if it, but if above things might change.

[Belgrade Bobby]

So What to expect from The Crypto World – BTC ?

Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.

We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.

Continue reading…

[Anonymous]

XAUUSD:- My forecast on Gold is below:

There is strong support for Gold @ $2308.00 and stiff resistance @ $3000.40.

The near term flash points are at $2654.20 & $2677.28 respectively.

I expect a lot of profit taking at $3000.40 and a strong collapse from that level at see some buying at $2654. Any short breaches above $3000.40 level can be shorted for humongous returns. At $2308 I expect to see massive buying by central banks around the world. However, if the momentum is stronger at $3000.40 then I’ll redo my analysis and update it accordingly.

 

GL GT

[GVI Forex 2]

EURJPY 4 HOUR CHART – RETRACEMENT?

While there are layers of resistance (blue lines) above 163.19, this is the level that needs to hold to make this strong bounce just a retraceme

[GVI Forex 2]

Quick summary

USDJPY remains stuck just below 158… EURUSD (and EURJPY) has been an outperformer… stocks slipping…suggests position adjutments and a bit of a squeeze on EUR shorts (AUD and CAD also firmer), still jusat a retracement

[Mtl JP]

1.0275/80 = Res.
I d like to see a push to 1.0340/50
to short there

[GVI Forex 2]

EURUSD 1 HOUR CHART – Retracement view

Treating the upside as a retracement unlessa 1.0324 is taken out.

[GVI Forex 2]

One thought… The surprise tamer PPI has added a 2-way risk to tomorrow’s CPI.

Since marketss are hyper focused on bond yields, 4.80% US 10 YEAR IS THE CURRENT LINE IN THE SAND

[Author]

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